Royal Mail Shares

hadders93

Is it confirmed that people who asked for share certificates aren't receiving these emails everyone else has? I still have nowt, but don't know if I should be expecting one since I asked for a certificate.

Klambo

Dangerous_Dave2k wrote: »

There is more action planned apart from the strike. I don't see them getting up to the Tuesday high again for a good while.

yeah but the price only fell 14 points to £4.74 despite the strike action.
Overall the strike action hasn't done much to dent the price.

brasso

Jennifer_Jane wrote: »

Agree with most of this, except where you say the share was priced too low so that created demand. I didn't know what the share price was, I just applied for £2,000 worth as an affordable amount to gamble with. We didn't really know what the share price was did we?

Perhaps the Government should rather have said that they would only accept a minimum of £1500 rather than the £750 to exclude thousands of people.

Thanks JJ - interesting insight.

But I must say, the price was well known before the flotation, even if you hadn't heard it. There was a range, with the upper price limit being 330p. The general surprise at the low price gave rise to a lot of the newspaper articles recommending that people buy RM which did help to create the high demand.

I wouldn't want to have had a higher minimum to invest as that would have excluded too many people. But for purely selfish reasons, I'd have liked a less simplistic decision about eligibility. The over-10K rule was too blunt.

The last big sell-off was Direct Line, last year. I wanted £5K's worth, so applied for £5K's worth. I actually received half of that amount. With Royal Mail, I also wanted £5K's worth, but remembering Direct Line (and reading the newspapers saying that allocations would be heavily cut) I applied for 15K's worth, hoping to get 5K. This put me over the 10K limit and I was apparently labelled one of the "wealthy investors" who wanted more than 10K -- so I got nothing.

I was disappointed by that. I think it was fair that the smaller investors got their £750 of shares but I would have appreciated being allocated something, even if much less than the amount requested.

(I should say that my investment was in my SIPP, and I sold a couple of things to make the RM application -- I don't have 15K in cash lying around doing nothing, and I'm certainly not a "wealthy investor".)

Anyway, no problem, I bought in when the shares went on open sale. Much higher price than the flotation but I'm in for the long haul so am not worried by that.

helptoyou

Mikey17 wrote: »

Just in case anyone is worried, I rang Equiniti today. They confirmed that i opted for electronic storage of my shares, and not a certificate.
Other than that phone call, i have had absolutely no contact from them whatsoever.
I am still waiting for my email ( my wife too )
I will ring again tomorrow. I doubt i will be so polite next time. I am in no rush to sell, i just think, when a £1000 cheque was cashed over a week ago, some correspondence would be appropriate

As Usual People have not read the prospectus and then complain when things they think should have happened don't . It was made very clear that e-mails in respect of share allocations could take up to Thursday to be received.

brasso

Klambo wrote: »

yeah but the price only fell 14 points to £4.74 despite the strike action.
Overall the strike action hasn't done much to dent the price.

The price actually rose on the news. The shares were around 472 all day then climbed to 477 / 478 straight after the announcement in mid-afternoon.

jonstodge

Right - a few updates

1) Best place to check your share offer was accepted is Royal Mail shares helpline - 03301230147. This confirms whether your share application was successful or not. If it was not, then Equitini will not have heard of you. Equitini (0121 4157047) can then confirm if you are registered for paper or electronic shares options.

2) If you made more than one application (as I did, without knowing it was limited to one), they will cancel all but the first application. They do not combine them. You do not get any emails about cancelled applications, you just get a refund

3) Refunds for both my cancelled application, and for the remainder of my other application have now hit my bank account (HSBC)

Good luck everyone!

cashvoid121

swardean wrote: »

I sold my shares at 4.29pm yesterday using the equiniti share view website, no account needed. This morning I had the share dealing invoice in the post confirming the sales and telling me my cheque would be sent out tomorrow, 17th.

So overall pretty impressed and efficient, will let you know if the cheque arrives on Friday.

Did yours actually sell the moment your instruction to sell was accepted over the phone?

swardean

Dangerous_Dave2k wrote: »

Did yours actually sell the moment your instruction to sell was accepted over the phone?

It happened in realtime and I chose the second I wanted to sell, which was for me in the last minute of trading yesterday. Luckily at top price of £4.89:beer:

Easy to do and full instructions on post #1214 on this thread

gjchester

Dangerous_Dave2k wrote: »

Did yours actually sell the moment your instruction to sell was accepted over the phone?

All phone orders are batched up it was in the email sent out. Accepted in this case means your 227 shares went into the next available put.

The market is not stupid, It knows these times too that's why the price drops at little at 9, 11 and 3 each day as a sudden chunk appear on the market.


In order to manage the anticipatedhigh volumes and provide a route for Royal Mail Nominee Share Serviceparticipants who simply wish to sell all their shares during this time,Equiniti is providing an easy-to-use service exclusively for Royal Mail NomineeShare Service participants:

[*]a simple automated system using your telephone - no need to register or open an account
[*]charges: 0.75% of the transaction value, minimum £7.50
[*]available 24 hours a day - place your sale instruction at any time
[*]instructions will be added together with those of other customers and sold at intervals:

[*]received on a business day by 9.00 a.m. - sale by 11.00 a.m
[*]received on a business day by 1.00 p.m. - sale by 3.00 p.m
[*]received after 1.00 p.m., sale by 11.00 a.m. on the next business day

[*]a cheque will be sent to you two business days after the sale together with details of the transaction
I get the same with my Work share save, they buy on a set day monthly and the price usually rises slightly as the market knows there will be a large purchase...

swardean

Gchester, I did not use the telephone service, I used the website. Extra tenner commission but full control and realtime trading and confirmation